$411bn Needed For Reconstruction In Ukraine – World Bank
The World Bank has asserted that the war-ravaged Ukraine needs $411 billion for recovery and reconstruction as Russia’s invasion over…
Naira Redesign Will Affect The Poor, SMEs In Nigeria — W’Bank
The World Bank on Monday raised an alarm that the newly redesigned naira which went into circulation last week may…
‘Nigeria Needs 300yrs To Build World-Class Infrastructures’
The World Bank has given an assessment of Nigeria’s capacity to build the infrastructure the country is currently seeking funding…
Nigeria’s Population, A Ticking Time Bomb – Gbajabiamila
The Speaker of the Nigerian Federal House of Representatives, Hon. Femi Gbajabiamila has asserted that Nigeria’s population growth must be…
With More Weather Stations, Africa Could Avert Future Floods
According to Bloomberg, “Africa’s climate reparations require data that doesn’t exist.” The lack of data was attributed to few weather…
Naira Depreciation Will Worsen Nigeria’s Food Crisis — W’Bank
According to the World Bank’s latest Commodity Markets Outlook report, the shrinking value of the Nigerian naira and currencies of…
Rate Hikes May Cause Recession, World Bank Warns Nigeria
The World Bank Group has warned Nigeria as well as other developing economies that simultaneous rate hikes in response to…
End Fuel Subsidy In Six Months, World Bank Advises Nigeria
The World Bank has urged the federal government of Nigeria to do whatever it can to end what it described…
Sudan Foreign Aid Deal To Give Cash To Poor Families
The EU, several member states and the World Bank have signed a deal for almost $190 million in direct financial…
Nigeria Faces Worst Recession In 40 Years – World Bank
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a…
World Bank Approves $750m For Nigeria’s Power Sector Recovery
The World Bank has approved a 750 million dollar International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation…
Can Healthcare In Poor Nations Withstand Coronavirus?
The World Bank and the International Monetary Fund are calling on creditor nations to provide debt relief to the world’s…